The federal government is working on a new rule to discourage hoarding and make the actions against profiteering more strict.
According to details, Prime Minister Imran Khan had directed Minister for Law and Justice Farogh Naseem to draft an ordinance on the matter and that an ordinance has been sent to the PM for approval.
The ordinance has suggested maximum sentence of three years in jail for the violators. They will also be fined 50% of the cost of the items they were stocking.
According to the ordinance, all hoarded items would be seized and then auctioned off at different markets.
The PM will present the ordinance in the Cabinet and after its approval, it will be sent to the President.
